Carbon Revolution plc (Nasdaq: CREV), a leading innovator in lightweight automotive carbon fibre wheels, has secured an additional $25 million financing from Orion Infrastructure Capital (OIC). This strategic funding aims to bolster the company's liquidity, expand production capabilities, and meet rising demand from its original equipment manufacturer (OEM) customers.
Automotive parts specialist Carbon Revolution (NASDAQ: CREV ) – which focuses on manufacturing carbon fiber ( CF ) wheels for vehicle manufacturers – saw its shares pop dramatically higher on Friday. Last night, the company revealed that it will supply the CF wheels available on the upcoming (and just revealed) Chevrolet Corvette ZR1.